| The KUIK Market Update for Friday, March 20: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 181 | points | 18,140 | 8:05 AM | ||
| S&P500 | Up | 0.9% | percent | 2,108 | 18.81 | ||
| Nasdaq Composite | Up | 0.8% | percent | 5,031 | 38.68 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.52 | Annual Yield | ||
| Marketwatch reports the Obama administration is expected to issue regulations setting new standards for fracking. The drilling technology has been key to unlocking vast reserves of oil and gas across the U.S., but also raised concers about its environmental impact. The regulations, in the works since 2012 will set standards for wells and disposal of wastewater and require companies to disclose chemicals used. They will apply only to drilling on federal land, which account for 11% of the natural gas and 5% of the oil the U.S. consumes, according to Interior Department data. Drilling on private or state-owned lands and won’t be subject to the regulations. | |||||||
| Amazon.com has been awarded an experimental airworthiness certificate to use drones, according to the Federal Aviation Administration. Amazon’s logistics unit will be allowed to use drones for research, development, and crew training. All flight operations of unmanned aircraft must be conducted at 400 feet or below during daylight hours. The drone must remain within the line-of-sight of the pilot, who must be at least a private pilot. Amazon will have to provide monthly data to the FAA, including number of flights and whether there were hardware or software malfunctions. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fracking-rules-expected-to-be-unveiled-by-obama-administration-friday-2015-03-20 | |||||||
| http://www.marketwatch.com/story/amazon-gets-faa-approval-to-use-drones-2015-03-19 | |||||||
| For today’s Market Update Report click to listen-> | |||||||